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Inland Empire Tech Industry Should Focus On Local Strengths To Both Build the Economy and Expand, Says New Study

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Inland Empire Tech Industry Should Focus On Local Strengths To Both Build the Economy and Expand, Says New Study

November 20, 2018— RIVERSIDE, Calif. (www.ucr.edu) — Basing its analysis on traditional gauges of industry activity, the ‘tech sector’ has a limited presence in the Inland Empire according to a new analysis released today by the UCR School of Business Center for Economic Forecasting and Development. The study finds that efforts to home-grow tech may have more success if they are linked to the region’s anchor industries such as logistics, agriculture, and possibly green tech. According to the report, local policymakers and economic developers should leverage recent success in the region’s long-established industries to not only build the economy, but also expand the presence of tech occupations and establishments.
The analysis finds that over one-third of all the tech industry jobs in the Inland Empire are within tech subsectors that are directly associated with the region’s time-honored logistics sector, such as E-Markets and E-Shopping.
“Technology is increasingly integrated with, and already exerting a large impact on, nearly every industry in the Inland Empire,” said Robert Kleinhenz  executive director of research at the Center for Economic Forecasting and one of the report’s authors. “Because we have limited resources to promote economic growth and well-being among local residents, as public and private efforts support the growth of tech in the region, the larger challenge will be to prepare the workforce to be tech savvy, and to position our communities, businesses, and organizations to adapt to the brisk pace of change that is taking place.”
The overall presence of the technology sector in the Inland Empire is modest, accounting for 2% of all establishments in the region, according to the study. Tech-related employment makes up just 1.9% of all jobs in the Inland Empire, compared to 6.8% of all jobs statewide. Since 2011, however, the region has seen an 11.7% increase in the creation of new tech establishments/businesses – primarily within subsectors related to the logistics sector including E-Markets, Agents and Brokers, and Design Services.
The study authors argue that efforts by major metropolitan areas across the globe to be the next Silicon Valley face uphill battles, but the Inland Empire may be able to adopt strategies from places like San Diego and Austin, Texas, locations that have succeeded by focusing their efforts on applying tech to one or two key industries that already play a significant role in these regional economies.
 
 Click here to view the new analysis. This report is produced entirely by the UC Riverside School of Business Center for Economic Forecasting and Development.
 
The UC Riverside School of Business Center for Economic Forecasting and Development is the first major university forecasting center in Inland Southern California. The Center is dedicated to economic forecasting and policy research focused on the region, state, and nation. Learn more at UCREconomicForecast.org

The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.

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Revolutionizing Recycling: Ontario Scientist Unveils Breakthrough in Plastic Processing

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Introducing WPNX17: A Pioneering Solution to Plastic Waste Challenges

By Ken Alan, IEBJ Freelance Reporter

The alchemists’ dream of turning lead into gold has captured imaginations for centuries. No less impressive would be the ability to transform waste plastics into something that can be recycled without the need for sorting, as different kinds of plastic can’t simply be ground up and combined. Consequently, about 91 percent ends up in landfills, the ocean or our air every year, according to the Organization for Economic Cooperation and Development (OCED, www.oced.org). Now, an Ontario inventor and entrepreneur has a patent pending process that can combine disparate plastics, such as Polyethylene Terephthalate (PETE) and High-Density Polyethylene (HDPE). 

Tina Richter, President & CEO of Weapon X Worldwide, Inc., calls her secret formula “WPNX17,” an abbreviation for the Weapon X name and its 17 different chemicals.

“The chemicals are ‘all natural’ so it is FDA approved,” she said, adding WPNX17 is a food grade plastic, by itself.

Weapon X was formally introduced at a ribbon cutting and open house hosted by the Inland Empire Regional Chamber of Commerce. The product is already being used by Home Depot and Walmart. The company has quietly shown their solution at domestic trade shows and will make its first global appearance at PRS (Plastics Recycling Show) in Amsterdam, in June.

“Today’s a big day for us as we continue to push for better sustainability and tech advancements here in the Inland Empire,” said Mr. Edward Ornelas, Jr., CEO of the Inland Empire Regional Chamber of Commerce. “We’re really excited to showcase Weapon X’s WPNX17. It’s a revolutionary tech that could totally change how we handle plastic recycling and really raise the bar for environmental responsibility in our industry.”

“It’s like the Holy Grail of plastic recycling,” said Greg Smith of Smart Plastics. “One of the things that’s always held plastic recycling back is you’ve got these seven different types of plastic that have to be sorted, so it adds a lot of cost.”

“I would call it a ‘plastic alloy’ rather than a catalyst,” said Vladimir Boglidskiy of Smart Plastics who evaluated the technology. “It’s like, you can’t mix water and oil. You need something to help them mix, like soap.” 

The open house featured a demonstration of a recycled plastic injection molding machine presented by BOLE Machinery of Stow, Ohio. President Jack Liu explained how the recycled plastic is used to create planter baskets for bonsai trees. Every 26 seconds the machine dropped another finished basket into the hopper. The machine’s design eliminates six steps normally required for recycled plastics: melting, filtration, cleaning, granulation, transporting and drying. This results in an energy savings of 70 to 80 percent.

Richter, who has worked in the plastics industry for over 40 years, said she saw the need for a solution after having millions of pounds of contaminated recycled plastics delivered to her facility that couldn’t be used. She said WPNX17 isn’t biodegradable but she is working on a version that is.

One observer noted this technology could create a whole new industry of “plastic harvesters” — entrepreneurs who create new ways to sweep waste plastics from our streets and oceans, turning them into cash. Then, at last, the alchemists’ dream will come true.

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Unveiling the Future: The Inland Empire Technology Summit 2024

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Discover Innovation at the Nexus of Business and Technology in California’s Vibrant Innovation Ecosystem

Inland Empire Regional Chamber of Commerce in partnership with the Cal Poly Pomona College of Business Administration and the Singelyn Graduate School of Business announces the inaugural Technology Summit on June 13th, 2024 (6/13/24). The conference showcases the Inland Empire region as the Innovation Empire- California’s vibrant innovation ecosystem. 

Technology Driven Economic Development

In today’s rapidly evolving digital landscape, staying ahead of technological advancements is not just an advantage; it’s a necessity. The Technology Summit aims to bridge the gap between current business practices and the potential unlocked by new technological tools. Attendees will have the unique opportunity to explore a variety of topics, keynote speeches, and panel discussions.

Who Should Attend?

This event is designed for business owners, IT professionals, entrepreneurs, students and anyone keen on integrating cutting-edge technology into their operations. Whether you’re looking to streamline processes, enhance efficiency, or foster innovation, the Technology Summit is your gateway to the future.

Featured Speakers and Sessions

The summit will feature a lineup of distinguished speakers, who are at the forefront of their respective fields. These thought leaders will provide valuable insights into applying new technologies and their impact on various industries. Showcasing the IE as an Innovator’s Empire.

Networking Opportunities

Beyond the learning experience, the Technology Summit offers unparalleled networking opportunities. Attendees will have the opportunity to connect with peers, industry leaders, and potential collaborators, fostering relationships that could shape the future of their businesses.

Registration Information

Spaces for the Technology Summit are limited, and early registration is encouraged. For more information and to secure your spot, please visit 

The Inland Empire Regional Chamber of Commerce is dedicated to supporting the growth and success of businesses within the Inland Empire. Through events like the Technology Summit, the Chamber aims to provide valuable resources, networking opportunities, and strategic insights to our members and the business community at large.


Don’t miss this opportunity to explore the technological trends shaping our future. Join us at the Technology Summit and unlock the potential of new tools and technologies for your business..

Event information and registration now available.

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Innovative Breakthroughs and Global Partnerships: California’s GITEX 2023 Delegation Returns Home from Dubai

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Seizing the Future: IE Chamber Leads California Tech Visionaries in Groundbreaking International Collaborations

The Inland Empire Regional Chamber of Commerce (IERCC) proudly led a top-tier delegation of tech representatives from California at GITEX GLOBAL 2023 in Dubai, which concluded last week. The event was a resounding success, providing invaluable global exposure for California’s tech industry and fostering numerous opportunities for international collaboration and partnership.

Despite the absence of IERCC’s President & CEO, Mr. Edward Ornelas, Jr., the delegation thrived under the leadership of the Chamber’s CTO, Mr. Gabriel Rangel. “Our presence at GITEX was pivotal; it opened doors for collaboration and showcased the Inland Empire’s innovative spirit on a global stage,” stated Mr. Gabriel Rangel, CTO of IERCC.

GITEX GLOBAL 2023, held from October 16-20, lived up to its reputation as the world’s largest tech and startup event. With its theme “The Year to Imagine AI in Everything,” the conference hosted over 6,000 companies and startups, drawing more than 170,000 tech enthusiasts from over 170 countries.

Central to the delegation’s mission was the fostering of bilateral relationships, and the results were substantial. IERCC facilitated critical introductions and meetings between California tech entities and potential global partners, securing several provisional agreements that promise to boost the state’s tech industry.

Further enhancing the delegation’s profile was Mr. Ram Thanapandian, Principal Technology Consultant to the State of California and Chair of CA State Treasurer Fiona Ma’s Technical Advisory Commission. His presence emphasized the state’s commitment to technological advancement and economic collaboration on a global scale.

“The insights our team gained at GITEX are invaluable. We’re excited to integrate these global tech perspectives into our local industry, driving innovation right here in the Inland Empire and California,” expressed Mr. Edward Ornelas, Jr.

Post-event, the delegation is gearing up to capitalize on the progress made at GITEX. Follow-up meetings, collaborative tech projects, and shared research initiatives are already in the planning stages, promising to foster a period of vibrant growth and innovation for the tech industry in California and beyond.

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